Company registration number 06455339 (England and Wales)
CLARENCE HOMES LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023
PAGES FOR FILING WITH REGISTRAR
CLARENCE HOMES LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 5
CLARENCE HOMES LIMITED (REGISTERED NUMBER: 06455339)
BALANCE SHEET
AS AT
30 JUNE 2023
30 June 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
3
35
47
Current assets
Debtors
4
209,174
199,625
Cash at bank and in hand
11,703
48,740
220,877
248,365
Creditors: amounts falling due within one year
5
(180,506)
(142,231)
Net current assets
40,371
106,134
Total assets less current liabilities
40,406
106,181
Creditors: amounts falling due after more than one year
6
(36,581)
(42,115)
Provisions for liabilities
(9)
(12)
Net assets
3,816
64,054
Capital and reserves
Called up share capital
1,500
1,500
Profit and loss reserves
2,316
62,554
Total equity
3,816
64,054

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

CLARENCE HOMES LIMITED (REGISTERED NUMBER: 06455339)
BALANCE SHEET (CONTINUED)
AS AT
30 JUNE 2023
30 June 2023
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 29 February 2024 and are signed on its behalf by:
Mr J R Lench
Director
CLARENCE HOMES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023
- 3 -
1
Accounting policies
Company information

Clarence Homes Limited is a private company limited by shares incorporated in England and Wales. The registered office is 19-21 Swan Street, West Malling, Kent, ME19 6JU.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures, fittings & equipment
25% on reducing balance
Computer equipment
25% on cost

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
4
4
CLARENCE HOMES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2023
- 4 -
3
Tangible fixed assets
Fixtures, fittings & equipment
Computer equipment
Total
£
£
£
Cost
At 1 July 2022
1,700
2,199
3,899
Disposals
-
0
(2,199)
(2,199)
At 30 June 2023
1,700
-
0
1,700
Depreciation and impairment
At 1 July 2022
1,653
2,199
3,852
Depreciation charged in the year
12
-
0
12
Eliminated in respect of disposals
-
0
(2,199)
(2,199)
At 30 June 2023
1,665
-
0
1,665
Carrying amount
At 30 June 2023
35
-
0
35
At 30 June 2022
47
-
0
47
4
Debtors
2023
2022
Amounts falling due within one year:
£
£
Other debtors
209,174
199,625
5
Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans
5,534
5,385
Trade creditors
3,322
-
0
Taxation and social security
154,155
80,771
Other creditors
17,495
56,075
180,506
142,231
6
Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
36,581
42,115
CLARENCE HOMES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2023
- 5 -
7
Directors' transactions

As at the balance sheet date there was an overdrawn directors' loan account of £209,174 (2022 - £199,625) including interest charged of £4,338 (2022 - £4,049), this is included within other debtors.

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